Nevada § 669.280 Authority of Commissioner to take disciplinary action and to close and liquidate business

Nevada Statutes

§ 669.280 — Authority of Commissioner to take disciplinary action and to close and liquidate business

Nevada § 669.280

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 669Trust

DISCIPLINARY ACTION AND REMEDIAL ACTION

This text of Nevada § 669.280 (Authority of Commissioner to take disciplinary action and to close and liquidate business) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 669.280 (2026).

Text

1.The violation of any of the provisions of this chapter by the officers or directors, or the managers or members acting in a managerial capacity, of any trust company is sufficient cause for the Commissioner to close the trust company, liquidate its business and revoke its license.

2.If a trust company or any person authorized to act on the behalf of the trust company refuses to allow the Commissioner or the Commissioner’s deputies to inspect all books, records, papers and effects of the business of the trust company, the Commissioner may revoke its license and proceed to wind up the affairs of the trust company.

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1. The violation of any of the provisions of this chapter by the officers or directors, or the managers or members acting in a managerial capacity, of any trust company is sufficient cause for the Commissioner to close the trust company, liquidate its business and revoke its license.
2. If a trust company or any person authorized to act on the behalf of the trust company refuses to allow the Commissioner or the Commissioner’s deputies to inspect all books, records, papers and effects of the business of the trust company, the Commissioner may revoke its license and proceed to wind up the affairs of the trust company.